Saturday, February 27, 2016

Saudi Arabia gains a strong victory as 18 month battle to kill U.S. fracking fells big opponent

Geo-politics is a messy business, and quite often much more complex than domestic politics.  Because when one nation decides to implement a policy that has global ramifications, more often than not innocents can get killed in the crossfire, and the actual goals of the government citing the conflict may exist far beyond those announced publicly.
When the leading head of the OPEC cartel decided to start an energy war by lowering the price of oil to levels not seen since the 1980’s, it started a chain reaction that would come to include Russia, the United States, Turkey, Canada, Mexico, and even Iran.  In fact, one could argue that Saudi’s oil gambit was the catalyst for forcing the U.S. to settle their decade’s long dispute with Iran as a means to put pressure on the Saudi’s to come back to Washington’s hegemony.
And despite the fact that Saudi Arabia was cutting their own throats in lowering oil prices, on Feb. 25 it appears they have finally taken a major piece from the board as the largest U.S. fracking company in the Bakken region of North Dakota announced they were halting production.


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